Reported about 6 hours ago
Morgan Stanley is set to increase bonus payouts for its top-performing investment bankers and traders in Asia by up to 50% due to strong business growth and the low performance base from the previous year. The surge in bonuses follows the successful first year of new CEO Ted Pick and a significant rise in the bank's institutional equities revenue, which grew by 51% globally in the last quarter. This decision aims to retain talent amidst recent layoffs in the region.
Source: YAHOO